The signing of this agreement is the latest milestone in a strategic partnership between the two guarantee funds, which began with the creation of the SGG, and which AGF helped to operationalise.
Africa faces a significant energy access challenge, with approximately 600 million people lacking electricity as of 2023.
This agreement signifies the start of a long-term strategic relationship, and it provides a perfect intersection of the AGF's mission to unlock financing for SMEs, and BOI's mandate to catalyse Nigeria's industrialization and economic transformation.
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The partnership marks the beginning of a new chapter in AGF and KNCCI's shared vision of economic empowerment for Africa’s SME sector.
This strategic partnership, a first of its kind, aims to boost NBM’s lending portfolio and expand its offerings to underserved segments, particularly women-led and green enterprises.
AGF has renewed its partnership with the largest microfinance bank in Uganda through a USD 25 million Loan Portfolio Guarantee.
AGF calls for continued collaboration in advancing financial inclusion of SMEs as an essential tool to drive sustainable economic development in Africa.
The risk-sharing mechanism, will enable KWFT to increase its on-lending activities to WSMEs with a view of promoting enterprise growth in the Kenya.
SG Woman Club is supported by AGF’s capacity development initiative under the Affirmative Finance Action for Women in Africa (AFAWA) program.